Market Updates - Angel One

The state-owned power producer said that it is considering equity buyback on November 2. In October, the company filed with the SEBI, seeking relaxation on the strict buyback norms has received approval from the market watchdog. Buyback of equity shares is the opposite of going public – a company buys back its shares from existing …

The second-largest public sector lender, Punjab National Bank (PNB) has issued bonds to raise tier-2 capital from the market. It has plans to raise Rs 14000 crores from the market, of which they have issued Rs 1500 crores worth of bonds in the initial phase. By November the bank will issue another tranche of Rs …

The Multi Commodity Exchange (MCX) on Tuesday announced its plans to launch spot exchange in base metal. In the last one and a half year, over 1,00,000 tonnes of base metal delivery happened in the bourse.  But it lacked in introducing an efficient spot exchange platform. Currently, the base metal futures prices are pegged with …

As an asset class, commodity trading allows investors to participate in a highly leveraged market, with exponential profit potential. However, retail participation in commodity trading is limited. Mainly due to high margin requirement and secondly, because of the possibility of physical delivery of the asset. But the problem seems to be vanishing now as MCX …

Vedanta declared in an exchange filing that its process to delist from the bourses failed as it couldn’t meet the required threshold for successful delisting under section 17(1)(a) of Delisting Regulation.  Only 1,25,47,16,610 equity shares validly tendered during offer sale drive,  which is less than the required number set by the market regulator. Vedanta said …

The Security And Exchange Board Of India (SEBI) has issued new guidelines that will bar retail investors from investing in AT-1 bonds. In the circular the regulator mentioned, “Issuers and Stock Exchanges shall ensure that only QIBs are allowed to participate in the issuance of AT1 instruments.” As a result, asset management companies which were …

Good news for the traders. After a pause of nearly three months, energy exchanges IEX and PXIL will begin trading renewable energy certificates on October 28.  The green certificate trading stopped in July after the Appellate Tribunal for Electricity (APTEL) decided to suspend REC trading for four weeks over a pricing dispute with Central Electricity …

The private equity funds company General Atlantic will acquire 0.84 percent stake in Reliance Retail Ventures Ltd. (RRVL). It is the second investment of the US-based firm in Reliance. Earlier this year, General Atlantic acquired stakes in Reliance Jio platform. General Atlantic-Reliance Retail deal will add more muscle to RRVL to compete with rivals like …

What if the commodity price ever hit the negative price zone? Most investors find it hard to wrap their head around the idea of a negative asset price. But there could be a situation, albeit unprecedented, where the value of an underlier slips into the negative zone. How to deal if such a problem arises? …

India’s largest glass-lined equipment manufacturer, GMM-Pfaudlers announced an offer for sale shares of Rs 1,433 crores. The current promoters plan to divest 28 percent of their stakes in a bid to reduce their holding size in the company. Recently GMM Pfaudler announced that it’s going to buy a controlling stake in parent company Pfaudler Inc. …